Brief: Northeast Bank Announces Significant Loan Purchase Volume

Northeast Bank

24/09/2024 13:38

Sept 24 (Reuters) - Northeast Bank  NBN.O :
    * NORTHEAST BANK ANNOUNCES SIGNIFICANT LOAN PURCHASE VOLUME
    * NORTHEAST BANK: SINCE JUNE 30, PURCHASED PRIMARILY
COMMERCIAL
REAL ESTATE LOANS IN AMOUNT OF UNPAID PRINCIPAL BALANCE OF $805
MILLION
    * NORTHEAST BANK: PURCHASES CLOSED PRIMARILY LATE IN
QUARTER,
THERE WILL BE MINIMAL IMPACT ON EARNINGS FOR Q1 2025
    * NORTHEAST BANK: FUNDED AND INTENDS TO FUND PURCHASE OF
LOANS
PRIMARILY RELYING ON BROKERED DEPOSITS AND FEDERAL HOME LOAN
BANK ADVANCES

Source text for Eikon:  ID:nGNX6x3k2b 
Further company coverage:  NBN.O 

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